Hassan Abdalla
Under the decree, Central Bank Governor Hassan Abdalla will serve as Egypt’s governor at the International Monetary Fund, with the Minister of Finance, Ahmed Kouchouk, appointed as alternate.
He also highlighted an unprecedented rise in total amounts recovered for victims of financial fraud.
He reaffirmed Egypt’s role as a founding shareholder and proud host of Afreximbank’s headquarters.
The president emphasized the importance of these efforts to build strategic stocks of various goods, ensuring their increased availability and supply at appropriate prices.
Abdalla brings with him decades of banking, corporate, and academic experience. He previously sat on the CBE’s Board of Directors for eight years, served on the board of the Egyptian Exchange, and held leadership roles across international institutions including the Institute of International Finance (IIF), the London Stock Exchange Group (LSEG), and its Africa Advisory Group.
During the meeting, the President was briefed on positive developments in the banking sector, monetary policy, and the exchange rate, as well as the Central Bank’s efforts to combat inflation.
During the meetings, Kouchouk emphasized the potential of the BRICS group to significantly reshape the global economic landscape in favor of emerging and developing countries.
The Egyptian delegation participated actively in the meeting sessions, which highlighted the most prominent issues and axes that were agreed upon among the governors representing 81 participating countries
He highlighted the detrimental effects of maintaining dual exchange rates, which lead to instability
The conference was organized by the South Korean Ministry of Economy and Finance and the Korea Export-Import Bank, in cooperation with the African Development Bank (AfDB)
Abdalla succeeded the former governor Tarek Amer, who resigned from the position a year before the end of his term.
